Ethereum Price Aims Higher: A Smooth Path To $4,000 and Beyond?
- The price is trading below $3,800 and the 100 hourly simple moving average.
Bitcoin. ETH was able to climb above the $3,800 and $3,880 resistance levels.
. There is also a connecting bullish trend line forming with support at $3,840 on the hourly chart of ETH/USD.
On the upside, the price seems to be facing hurdles near the $3,950 level. The first major resistance is near the $3,980 level. The main resistance is currently forming near the $4,000 level. A clear move above the $4,000 resistance might send the price toward the $4,150 resistance.
ETH falling again?
A clear move below the $3,750 support might push the price toward the $3,665 support. Any more losses could see the price move towards the $3,550 support in the short term. The next key support is located at $3,500.
Technical indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
hourly relative strength index – The RSI for ETH/USD is currently above the 50 area.
